How are opportunity costs, tradeoffs and money management related?

Trade-offs create opportunity costs, one of the most important concepts in economics.

Explanation:

Whenever you make a trade-off, the thing that you do not choose is your opportunity cost. To butcher the poet Robert Frost, opportunity cost is the path not taken (and that makes all the difference). Everything has opportunity costs.

answer; the above statement/question is ( true);

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